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A $542 million settlement deal has been reached after customers claimed tech companies colluded to fix prices of cathode ray tubes.
The cathode ray tube settlement deal is worth $542 million, and was approved by U.S. District Judge Jon S. Tigar in California.
The settlement will benefit indirect buyers of the computer and television components, across 22 states. Six manufacturers, including Samsung, Toshiba, and Panasonic, are involved in the settlement.
The current settlement was reached in July thanks to mediation before Judge Tigar. Previously, the judge had approved multiple settlements over the alleged CRT price fixing, worth a cumulative $576.8 million.Â
However, the settlement deal was appealed to the Ninth Circuit and then rejected by Judge Tigar who had concerns that possible conflicts of interest could be at play in the settlement.
He stated they should not be included in the settlement because they are barred from suing for damages under federal law, whereas purchasers in other states can sue for damages because their state laws allow it.
Though the previous settlement allocated $6 million to buyers in three states excluded from the Class, buyers in states that were omitted from the Class are now represented by separate class counsel. These states include Utah, Oregon, South Carolina, Rhode Island, Massachusetts, New Hampshire, Missouri, and Arkansas.
Judge Tigar determined the new settlement better represents and serves the interest of buyers in New Mexico, Nevada, South Dakota, and Hawaii, because it assigns them separate counsel.
The CRT class action claims began in November 2007 — both direct and indirect buyers filed multiple lawsuits against electronic manufacturers.
According to the buyers, the companies colluded to fix the prices of CRTs. Allegedly, this price-fixing occurred between 1995 and 2007, and caused customers to have to pay more for cathode ray tubes than they otherwise would have if the manufacturers had not engaged in price-fixing.Â
The CRT class action lawsuits were consolidated into a multidistrict litigation in 2008, involving both direct and indirect purchasers. Â
Do you buy products from Samsung, Toshiba or Panasonic? Let us know in the comments section below.
The Indirect Purchasers Class is represented by Mario Alioto, Joseph Patane and Lauren C. Capurro of Trump Alioto Trump & Prescott LLP.
The indirect purchasers excluded from the previous settlement are represented by John Crabtree and Brian Tackenberg of Crabtree & Auslander LLC, Robert Bonsignore of Bonsignore Trial Lawyers PLLC, Theresa D. Moore of the Law Offices of Theresa D. Moore, Christoper A. Nedeau of the Nedeau Law Firm, Francis O. Scarpulla and Patrick B. Clayton of the Law Offices of Francis O. Scarpulla, Michael Noonan, William Shaheen, Christine Craig and Lucy Karl of Shaheen & Gordon PA and Joseph Alioto of the Alioto Law Firm.Â
The Cathode Ray Tube Price-Fixing Class Action Lawsuit is MDL No. 1917 In re: Cathode Ray Tube (CRT) Antitrust Litigation, Case No. 3:07-cv-05944, in the U.S. District Court for the Northern District of California.Â
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210 thoughts onJudge Approves $542M CRT Class Action Settlement
I filed, have not seen any checks as a direct purchaser…lost in the mail?
No check today 12/5/22
I got 82.08 I waited 9 year’s 82 Dollars the lawyer took all the money CLASSACTION LAWSUIT is a joke file your own suit you get
October 26, 2022 10:30 am STILL NO CHECK!!
That is the correct address.
$10.00
is your check from
PO BOX 6001
Larkspur, CA 94977
I got one from that address. but i don’t remember i’ve ever filed a claim
Weird!
Good morning everyone I got a check from crt DIRECT PURCHASE and I got 82 Dollars I waited 14 year’s for 82 Dollars the lawyer took the money
Direct checks mailed yesterday called claims administrator checks mailed 07/20/2022
How is that possible as there is a hearing on July 28, 2022 in federal court authorizing the payments
I called the claims administrator on Wed the 20th and he gave me the amount and said it was mailed on the 20 th for the direct purchaser
I got 82.08 I waited 9 year’s 82 Dollars the lawyer took all the money CLASSACTION LAWSUIT is a joke file your own suit you get
There’s 2 different claims admin.one for the direct purchaser and one for the in-direct purchaser.
Check’s was mailed out on the 20 of July
Does anyone know what happened in court Thursday with the cart indirect settlement distribution of funds
CASE UPDATE (6/7/2022): The Court has approved the motion to distribute Settlement Funds. Authorized payments will be issued after the Order has become final – after June 25, 2022. The distribution is expected to occur in mid-July 2022.
That is not true however, the United States Supreme Court denied the Cert Petition on June 9, 2022, now for the first time the District Court can now authorize a distribution plan finally as there are no more appeals pending the all litigation is over with.
what about reseller funds? How much, If you know.
The Court set a hearing for July 28, 2022, at 2:00 P.M. for order granting Authorizing Distribution of Settlement funds.
This was filed today July 13, 2022
Hi I think that might have been for the in-direct claims law suit
they are together in the same class action
Today is the 18 July 2022 the mid mean the 15 or 16
THE PAYMENT SHOULD BE IN MID AUGUST IF THE JUDGE GRANTS THE ORDER ON JULY 28, 2022.
This suit is about old tube-type tvs and monitors. Flat screen and plasma and cell phones aren’t even a part of this lawsuit. The purchases happened decades ago. That’s about how long it seems we have been waiting for justice on these price fixing companies.
Am I going anything it have been along time
This case has been appealed 27 times to the Ninth Circuit during the 15 years that this case has been filed.
There has been 6,000 motions filed and there over 1,000 attorneys of record and I fully believe that this case will not settle for another 10 years as yesterday day there was another motion for discovery filed.
It is hard enough to get three attorneys to agree to settle case but with 1,000 attorneys it is imposable
The Ninth Circuit denied the three appeals and then denied en banc review on March 2, 2022, and the Mandate issued March 10, 2022 sending the case back to the District Court for payments.
However, the intervenes filed in the United States Supreme Court case No. 21-1218
The Ninth Circuit on Sept 24, 2021, gave the District Court authority to proceed with the last settlement !
Why other claims are paying out and this has been going on some years now?
THE LONGER THEY DRAG IT OUT THE MORE MONEY FOR LAWYERS AND LESS FOR CLAIMS
IT WOULD BE NICE IF THEY COULD AT LEAST GIVE A ESTIMATE AMOUNT
I HAVE EMAILED THEM SEVERAL TIMES AND THEY DO NOT REPLY.
The Ninth Circuit denied the Appeals in this case and the settlement payments on Sept. 24, 2021, now the Administrator can calculate the payments plus 7 years of interest income on 548 million dollars .